Dentons has advised Barings Core Fund Mannheim on the acquisition of a fully rented mixed-use building in Mannheim from an open-ended real estate fund. The transaction value was EU45 million. The acquisition was arranged by retailing specialists of the COMFORT-Group and is part of the company's core investment strategy in Europe.

Located in the center of Mannheim, Germany, the building offers more than 14,500 sq.m. of rental space distributed on seven floors. Approximately 9,000 sq.m. are used as retail and warehouse space, while the remaining 5,500 sq.m. are used as office premises. Saturn is the anchor tenant and rents three floors. The building is connected with Mannheim's main shopping street by a gallery.

Barings is a global provider of financial services and a member of the MassMutual Financial Group. With more than 650 investment experts the company is represented on four continents and mainly advises clients on asset and capital issues.

Dentons advised Barings - a long-term client of the Firm - on all questions of real estate law, legal and tax due diligence and contract negotiations related to the deal. Partner Volker Mergener led the team on the transaction.
Advisor Barings Core Fund Mannheim S.a r.l:

Dentons (Berlin): Volker Mergener (Partner, lead), Hauke Thieme (Partner, Tax), Torsten Jahnichen (Counsel), Laura Appell (Senior Associate, Public Construction Law), Dr Michael Bayliss (Associate, all Real Estate)

Dentons (Frankfurt): Dr Andrej Latinovic (Counsel, Real Estate)